The price of gold has surged 18% from its March 23 low, trading at $4,824 and approaching a key technical resistance level. This rally, however, is showing underlying signs of strain that could threaten its sustainability.
Technical analysis from BeInCrypto highlights three significant problems beneath the surface of the price increase. Trading volume is shrinking as the metal pushes toward the upper trendline of a falling channel that has constrained its movement since late January. This divergence between price and volume often signals weakening momentum.